India-Australia signs ECTA agreement to boost trade, investment

With growing complementarity between the economic priorities of the two nations, India and Australia, signed the Economic Cooperation and Trade Agreement (ECTA), marking a major step towards lifting their economic relationship to the next level. To be followed by a Comprehensive Economic Cooperation Agreement (CECA) by year-end or early next year, this will be one of the fastest agreements to be concluded by either of the countries. The agreement will pave the way for greater cooperation between the two countries in the economic space and will be instrumental in developing and expanding bilateral trade.